Clark Estates Inc. NY maintained its stake in shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,000 shares of the company’s stock at the end of the first quarter. Clark Estates Inc. NY’s holdings in Scripps Networks Interactive were worth $3,213,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Contravisory Investment Management Inc. boosted its stake in shares of Scripps Networks Interactive by 68.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,586 shares of the company’s stock worth $124,000 after buying an additional 645 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Scripps Networks Interactive by 40.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,794 shares of the company’s stock valued at $114,000 after buying an additional 517 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Scripps Networks Interactive during the third quarter valued at $116,000. SRS Capital Advisors Inc. bought a new position in shares of Scripps Networks Interactive during the fourth quarter valued at $136,000. Finally, Virtus Investment Advisers Inc. bought a new position in shares of Scripps Networks Interactive during the third quarter valued at $157,000. Hedge funds and other institutional investors own 66.76% of the company’s stock.

Institutional Ownership by Quarter for Scripps Networks Interactive (NASDAQ:SNI)

Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) traded down 0.60% during midday trading on Friday, reaching $75.15. 1,029,320 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $77.83 and a 200 day moving average price of $72.78. Scripps Networks Interactive, Inc. has a 12 month low of $58.73 and a 12 month high of $83.42. The company has a market cap of $9.72 billion, a P/E ratio of 14.51 and a beta of 1.16.

Scripps Networks Interactive (NASDAQ:SNI) last issued its earnings results on Tuesday, February 21st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by $0.05. The firm earned $888.70 million during the quarter, compared to analysts’ expectations of $879.45 million. Scripps Networks Interactive had a return on equity of 34.21% and a net margin of 23.37%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. Equities research analysts forecast that Scripps Networks Interactive, Inc. will post $5.42 earnings per share for the current fiscal year.

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SNI has been the topic of several research analyst reports. Needham & Company LLC increased their price objective on shares of Scripps Networks Interactive from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, February 22nd. Guggenheim reissued a “neutral” rating and issued a $82.00 price objective on shares of Scripps Networks Interactive in a research report on Wednesday, February 22nd. Royal Bank of Canada increased their price objective on shares of Scripps Networks Interactive from $70.00 to $87.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 22nd. Stifel Nicolaus increased their price objective on shares of Scripps Networks Interactive from $75.00 to $90.00 and gave the company a “positive” rating in a research report on Wednesday, February 22nd. Finally, Zacks Investment Research raised shares of Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Tuesday, January 17th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Scripps Networks Interactive has a consensus rating of “Hold” and an average target price of $74.77.

In other Scripps Networks Interactive news, major shareholder Eva Scripps Attal sold 319,454 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $80.64, for a total value of $25,760,770.56. Following the completion of the sale, the insider now owns 6,085 shares of the company’s stock, valued at $490,694.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richelle P. Parham sold 8,933 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $82.27, for a total value of $734,917.91. Following the completion of the sale, the director now directly owns 7,556 shares of the company’s stock, valued at approximately $621,632.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,413,093 shares of company stock valued at $111,837,282. 2.30% of the stock is owned by insiders.

About Scripps Networks Interactive

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

5 Day Chart for NASDAQ:SNI

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